Kaspa’s use of DAG technology proves that high-speed scalability can coexist with a truly decentralized, fair-launch model. It is a refreshing departure from the venture-backed projects that dominate the current market.
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You're Wrong About Kaspa | Here's WhyAdded:
Welcome back to the channel, guys. Back with my guy, Krux of Crypto. We're going to talk some Caspa today. How you doing today, brother?
>> Thanks for having me on, Rob. I'm doing great. Um, actually, it's better. I just got off uh two live streams and I'm ready here to talk Caspa with you. So, one of my favorite cryptocurrencies in all of crypto.
>> Yeah, you had a you had a busy day there with uh with Tim. I I I was watching some of some of your live there. It's pretty good, man. It's pretty good.
>> I like it, man. So yeah, we're going to talk some Casper today. I haven't covered Casper in a while. I mean, it's it's been a minute and there's there is a lot going on despite what people might think. I mean, we had our we had our mainet launch in November of 2021. So, like we were talking off camera, it's been it's been a minute. Uh we got into it, I think somewhere close to around the penny range for Caspa.
>> Wow.
>> And yeah, we we did really good. Shout out uh to Facts Over FE uh Facts Over Feelings in my community. He's the one who really started talking about it back then uh in the community and shined a light on it for us. So, I got to give a shout out. You know, we we got to give credit where it's due. Right.
>> Right.
>> So, so yeah. So, you know, we got into it early and um you know, I I kind of want to know like when did you get into it and like how did it catch your eye?
>> Yeah. So, I didn't get in until like roughly around seven cents. uh Crypto Archie, shout out Archie if you're watching. Uh a lot of you guys know it, you know, he's a big member within the Caspa community. Um and he was very early on it. And what I did is I started to realize like Satoshi's vision essentially wasn't never met. You had like this peer-to-peer network that stemmed out of the banking crisis and it was supposed to be away from the institutions and eventually it just became like digital scarcity in a sense where it's like gold. So, it's a like digital gold as opposed to the peer-to-peer exchange uh or medium of exchange. And then Caspa is a lot of the cipher punks way back on the Bitcoin forum uh bit Bitcoin forums like back in 2011 to 2013. Uh you have Aviv Zohar, you have Janaton Solonitzki, Michael Sutton, and some of the OGs in Caspa who talked about decentralized ices.
Uh, and not to get too technical or nerdy out here, but it's a instead of a blockchain which runs sequential from one block to the next, a DAG essentially has you're in a block and then within the next uh order of sequence, you have a different amount of blocks that you can get. And right now, CASP is currently going at 10 blocks per second.
So, I saw like this new technology, it's come out and it is rivaling what uh Bitcoin can do, but also surpass the limits of Satoshi's vision by adding programmability to the network, which is definitely what we're going to talk about here in this live stream. But uh yeah, I mean that that's my origin stories in Caspa.
>> Very nice. Very nice. Yeah, it was it was one of the one of the gems that dropped out of that cycle for sure. And a lot of people got into it in that bare market as well of 2022 and still made a fortune off of it. Fantastic.
>> Now, one of the biggest things that uh I see in terms of naysayers out there is uh you know, they're always saying that this seems to similar to what people were saying about Cardono back in 2021, right? They would constantly FUD it.
Well, you know, it had no smart contracts at the time. no one was building on it at the time.
>> And it just seems very it it's funny how newer projects it's it's funny how some projects follow the same path uh of turmoil as other successful ones that came before it. And Caspa does seem to be following that same trajectory as uh as the your Cardanos where they have the the same talking points essentially.
>> Yeah. So Caspa I would actually more compare to Bitcoin in its first bare winter. So Bitcoin dropped about 83%.
Because people are like, "What is this magical internet money?" Okay, it was 100 bucks, now it's 18 bucks. I should have sold up there. I'm going to go ahead and sell down here at 18 bucks and then it went on to $100,000 a decade and a half later. Um, so I think Caspa is within that first bare winter. Like it's retraced. We're down like 70 80% at this point. I think right now that is that $18 Bitcoin and is going to go much much higher. Um, as far as Cardono in particular, uh, there's really no cryptocurrency that I've made more money on. So, I'm very understanding of that one. I was actually taking out loans against it and then buying more of it.
So, I was like way too leveraged. I wouldn't recommend going do that. But uh last bull market we had something called like the smart contract race where you had like Sunday swap, you had men swap and all these decentralized exchanges trying to be the next best thing on Cardano and finally give it a use case.
But within crypto we have adoption.
That's what people put their money in and they are like all right speculation adoption. It is going to finally come because we have a decentralized network.
secure and it's somewhat scalable called Cardano and eventually they're going to have a huge uh like amount of liquidity pushing through this ecosystem. Uh but I think they bit themselves in the butt which is something that Cardano or Caspa is not doing. Uh so Caspa essentially is like this proofof work network that has no foundation. So there's already a difference there. There is a Cardono foundation. Um it has proof of work.
There's a difference there. Cardano is a proof ofstake network. Um and then also you have essentially um the fair mine and no VC. So Cardano had some VC behind it as well. So um I I would say there's a good amount of differences between the two projects.
>> Yeah, absolutely. For sure. Um so that double or that u that fair launch, right? Kind of like a double-edged sword in some aspects. I absolutely love the decentralized uh aspect of it. Um but one of one of the hindrances is that when we see a project for example getting listed on all of your tier one exchanges, you know, your Binances and and so on and so forth. Usually for the listeners, usually how that takes place because I get asked all the time about listings on Binance, for Caspa, amongst other projects and and how these things work is that usually what happens is the team has coins that they allocate ahead of time to be able to give to the exchanges so that the exchange has liquidity to sell the tokens, right?
>> Yeah. But when you when you have a fair launch project, there is no team to give and there is no supply of tokens to be giving out.
>> So what happens is that the exchange has to uh in low market conditions go out and actually buy a supply themselves of the of the tokens.
>> Yeah.
>> Um so that that's kind of like the double-edged sword aspect of it. Uh what are your thoughts on that? And do you do you eventually see a Binance listing in your opinion?
>> Great questions. So liquidity is very important for driving the price of a cryptocurrency up. So shout out Kraken.
You are the number one. You're the only tier one listing uh that has listed Caspa. So I definitely recommend that if you're going to buy Caspa in America, use Kraken. As of now, there's Uphold.
Their fees are a little bit higher. Now the big debate is is that number one wallet. So somebody out there owns over a billion Caspa which is more really around the what Satoshi holds in Bitcoin and nobody knows who this person is. So most likely it's either Coinbase or it's Caspa which I don't know which one it is but might be somebody else. Who knows?
But I would say um I think it was like halfway through last year. I'm not 100% sure if it was verified or not, but Binance was saying if um if we can get 3% of the supply, we will list your token. And then what I appreciate about our community is we said scratch that.
You need us more than we need you. Um and we've proven it because we've already done very well in its first bull market, hitting well over 100 or not 100 billion, but well over a billion uh market cap. And this is again a fair launch. Uh Bitcoin has shown that you don't have to give them 3%. Uh it's just a huge amount of money. Uh so I would definitely uh I would definitely add that to your bag on why you should if somebody's like pitching Caspa, you should somewhat take their uh their information and put into your bag because you with 100% guarantee you could say Krux is not getting paid to pitch this project because there's no foundation. There's no, you know, nobody to pay me. It is 100% my uh my real confident uh confidential take on it. So >> yeah. Yeah, there's nobody. Exactly.
There's none of that uh that greasy stuff. You do have good listings though.
I mean you, like you said, you have Kraken, which is the best place in the US in my opinion to be to be picking it up. You've got your coins, your buy bits, your gate.ios, uh your messes. So there's a ton of liquidity and access to the project out there. BTCC, shout out to them. Channel sponsored by the way.
>> Um but yeah, you you definitely have access. So I I agree with the community in this that you know what you need us more than we need you. Like >> we we got the holders man. Like you know >> I think it will continue to do well. But uh I wanted to kind of move over to the latest news because I mean you hear so much bad. Let's talk about some good.
Um, now you have the again, and we we laughed about this off camera because I completely butchered it, but uh the touca hard forks.
>> There you go. Yeah.
>> Covenant hard forks. What's What's this all about and what are your thoughts on it?
>> Yeah. So, Casper has like this little um like a musical theme to it. So, Crescendo Hard fork was halfway through last year. It brought it from one block per second to 10 blocks per second. And we all know like crescendo has something to do with music. So takata has something to do with music as well. Um and this one essentially adds two main things to what CASP is doing. First you have covenant.
So you just said that earlier. It's sometimes you may see it as cov++.
That's like the the quick take on it.
But essentially this adds rules to money. So it's a little bit different than like your smart contract, but you're able to add pretty basic rules to what Caspa is. And it's like the first layer of what programmable money looks like. Um I personally think that Caspa has already conquered the perfect money aspect in a sense of it's decentralized, scalable, and it's also secure, which is what we know as the trillemma. Um Vitalic Buterine said there's no way for you to increase your scalability without decreasing your decentralization or one of these have to take a hit, right? um Caspa in my opinion because it is proof of work and it is going at um it actually broke a record 5,500 transactions per second on its mainet.
So it's pretty crazy some of the stuff that's going on. But Takarta hard fork the CV++ adds programmability to the scalable network. And the second piece is uh Silvercript. So Silvercript is the first it's I'm not going to say highle programming language. It's the first programming language that developers can freely uh produce uh smart contracts on within Casper's ecosystem. So we have layer twos like Casplex and uh Igra Labs. So it's become a little bit more programmable over time, but CV++ would add that next piece. Silvercript allows these developers to freely develop on the network. So it's going to set up everything for this second hard fork we can talk about here shortly.
>> Yeah. So So what do you think? I think we'll get into the second hard fork, but what do you think Caspa needs as a blockchain to really start to gain that that traction and that adoption?
>> Do do we need to start seeing some projects building on on the network or what do you think would be >> a good sign?
>> Yeah, so I think definitely learning from Cardano on this aspect. So Cardano tried to be the all-in-one chain. They didn't want interoperability. they wanted to be the peer-reviewed um you know I'm not like gonna crap all over Cardono right now it just seems to be the one that we can definitely relate with um yeah so uh taken like it it's its issues with uh programmability um it took it a while to get to that programmable aspect but then uh more importantly what's it called oh yeah adoption sorry so adoption uh became an issue with this within this ecosystem Because Salana comes out, everyone's like, "All right, we're getting these meme launchpads, pumpf fun, or we can go back to Radium or Jupiter days, and people are making money left and right." This ecosystem doesn't even have $10 million worth of liquidity in stable coins to be able to flow through the ecosystem. So eventually, USDCX becomes part of Cardano's ecosystem. It almost took it almost a decade. So Cardano's been around for since I think 2017, if I'm not mistaken. Um, and it took this long just to get a stable coin on your network that's actually reputable. So, um, they're starting to learn that you can't do it all alone. You have to work within these other networks. So, I think what CASPA needs is, uh, you're going to need adoption. So, you have this thing, it's been created, it's doing well.
People are running these nodes and these validator nodes uh, in their their grandma's basement globally. You had at one point over 1,000 nodes, which is pretty crazy. uh and it's dropped off to like 600 as of late because it's fairly ine in cost effective to to mine the cryptocurrency but I think one price needs to go up which any proofof work network the price has to go up and then two you need I say you need the institutions so Grayscale came out and they said we will look at CASPA again so I think that's what's going to happen hopefully sooner than later Grayscale they do these trusts which is much more faster than like ETFs And if Grayscale can be the first to the punch like they were with all these other cryptocurrencies, Caspo will be the pretty big to benefit off of that.
>> Nice. Nice. Uh can you still get Casper miners?
>> Um so like the competitive ones are pretty difficult. You can definitely get like they got like uh KSR5 or KS5s.
Uh KF7s, KS7s are like the harder ones to get uh your your hand to, but um yeah, I mean you could still get them.
They're pretty difficult though.
>> Yeah. Are they pricey?
>> Fairly pricey. Uh they So Casper Heavy Hash is like the algorithm they use.
It's very similar to Shaw 256, which is what Bitcoin uses. The only difference is there's a waiting function on what Caspa uses. Um so a lot of those miners can mine. Um, usually it's just based off of what algorithm that minor uh specifically uses.
>> I remember when we first got into it, I was heavily considering picking up a minor, but I didn't and I regret it.
Right. So, >> so here here's the bold take of the day.
I think mining should actually cost somebody to mine as opposed to profit.
Um, and it goes to show loyalty, right?
Right. So, if Krux of Crypto or Krux is losing money by mining Caspa, it cost me, let's just say $2,000 for this minor, I'm getting like, you know, this token. It cost 3 cents. It's going to take forever to ROI. And at least now I get the governing rights to make the changes within this ecosystem as opposed to these people that are profiting who don't really care where the ecosystem's going. They just care about the money. Um, >> yeah, that I mean, that's my bold take.
And I know a lot of people are not going to sit well with it uh because they want to mine to make money. But honestly, the best thing to do if you want to make money in cryptocurrency is just buy the native token. Don't buy a Bitcoin miner.
Buy Bitcoin. Don't buy a Casp minor unless you want to decentralize the network and help it out. You're going to have to take a price hit on that.
>> Yeah. But even even in your way though, long term, you're still going to make money.
>> Oh yeah. Big time. So >> you're just not going to make it immediately, >> right? Yeah. Yeah. Yeah. So, if you're mining at a loss right now for Casp, like Bitcoin on average right now costs about 80,000 globally to mine. So, people are currently mining at a loss, but eventually Bitcoin is going to be worth a million, $2 million. And it's okay. You just got to stomach it. And that's just part of what proof of networks uh proof of work networks are.
>> Yeah. One step backward to take two steps forward. Absolutely.
>> Right.
>> That's why I never sell my Bitcoin, man.
I just accumulate. I never sell it.
>> Yeah.
>> I'm with you. I I see a million dollars is is almost written in the stars for Bitcoin in my opinion.
>> Yeah. And I'm pretty sure you were there. Now we have um a couple of the people like the the FBI was there on stage. We had like people that you would never expect to be talking on behalf of Bitcoin. And that's interesting. You know, you would think like the Michael Sailors of the world.
These are the people that have represented for such a long time. But now it's like the biggest governments and the biggest institutions are here.
So there's no going back at this point.
>> Yeah. I mean, you've you've got uh Elizabeth Warren is a fart in the wind at this point, right? She's trying all she can do to to, you know, fight it.
But I mean, you're absolutely right. And yeah, I was at I was at Bitcoin uh Las Vegas. Um and it was a good time. It was a good time. A lot of characters there and uh you know, picked up a lot of souvenirs and stuff like that. I got my actually got my my Bitcoin watch. You probably can't see it because of the screen, but >> got a got a Bitcoin watch there, but >> uh Yeah, I think I told you the story.
The guy got mad at me because I didn't want to pay in Bitcoin.
>> Yeah. Yeah. Yeah. Right. That's crazy.
>> Yeah. So, you uh you were talking about uh wanting to look at maybe some comparables or or you know, some of the other good projects around while we were off camera. What uh what did you have in mind?
>> Yeah. So, well, first of all, appreciate it for putting Zepic on my my radar. So maybe like a a couple months ago, um you know, I'm a lurker. I'm on YouTube just checking out different creators and then I saw that you were talking about Zebic.
I started doing a little bit of research and eventually I made a deep dive and then a couple other videos with Zeic. So I definitely shout out you for putting that on my radar. Um I think the payroll streaming thing is it's interesting because it's a whole new way we have to think about how companies pay people.
So, that's definitely one that I need to actually get some exposure to because Krux owns zero as of now and that is not the right answer. So, um yeah, and I probably won't sell anything under a cent, you know. So, I saw your polarly on the live stream. Uh you know, I'm I'm going to keep it to a cent and uh couple other projects.
So, actually I I've did three different live streams recently this past month and did top five for low caps, medium caps, and large caps. So the one that won the low caps was KDA. So it's a scalable network similar to a DAG. Uh kind of similar to XRP what they're pushing for. The one that won the midcaps is Caspa. And the one that won today is XRP. So XRP won the best large cap, which uh I was, you know, I'm kind of beefing with my chat on this one. I I like XRP. I'm part of the XRP army, but man, to beat Salana, to beat Canton, uh and some of these other networks, that's a big one, man.
So >> yeah, >> those are some look at. Yeah, >> I think I think that's just loyalty to XRP. Um, and I can understand it. I mean, I I was in XRP. I think I held it for just under eight years. I held it all through the lawsuit. Uh, I just spent the whole lawsuit accumulating and there there were there was it was a tugofwar. We look back at that lawsuit and we uh >> we only remember the good, but there were times where things look bleak for Man, Gary Gizler was up in here just like, "All right, so are you pro crypto with Algrand and your little MIT pitches or like are you going after XRP? What is going on here?"
>> So, >> yeah, he, you know, and that's what I try to caution people about with new u new chairs coming into places like the Fed and and CNC and stuff. Yeah, >> you know, when Gary Gensler came in, >> it was assumed that he was pro crypto and everyone celebrated, you know, a new SEC chair being pro crypto and it did not turn out that way.
>> Yeah. Was it um I I know like every time a new Fed chair comes in like Bitcoin dumps and I think it was like the last two Jerome Pal and then um was it Janet Yellen or was it >> I think it was Janet Yellen before him.
Yeah. every time they take this chair, just look at the price of Bitcoin, you know? Um, it's crazy. It just dumps like 30% on average or more. So, >> but do you know do you know why that is?
>> Um, I would think like there was a lot of like >> speculation of this guy is like he's Trump's guy, you know, he's going to come through, he's going to start slashing rates, money's going to be cheap. Um, other than that, I don't have too much, but I know inflation is starting to look sketchy. I know job employment numbers are starting to look sketchy. So I would say I could see the dump coming. But what what do you have?
>> My theory is that whenever we see a new Fed chair come in, we see the appetite for risk on asset kind of resend, right?
So we see people not want to be involved in anything uh that are that's higher risk until they know where this new Fed chair position is going to be directed.
Right. And I think that >> it's just that markets don't like uncertainty.
It would have it would have been no different had like you you remember six months ago when Trump was trying to fire Powell, right?
>> Would have been the same thing if if Trump was able to fire him, I think everything would have dumped because no one would know what to expect.
>> That that uncertainty I think really causes markets to have turmoil. So >> yeah, I mean we can't really expect him to to cut rates or really raise them.
like he's kind of we're just like waiting like what's going on with the prices of oil. This is the biggest like thing that's disrupting all markets right now and you have these two things that could bring us out of a bare winter which is the global tensions and then the clarity act. So um I think that would be like the third most important thing is like who is this new chair and is he going to do good for us?
>> Yeah. Another thing I've tried to caution people on and it's just that you know everyone's just assumed that day two he comes in and it's okay. Let's let's slash some rates, baby. Let's print some money.
>> Yeah. Yeah. Yeah. That's honestly, we could take notes because I think the Clarity Act is going to be similar.
Everyone's like, "Oh, as soon as this passes, light switch, you know, and you know, people are going to buy XRP is going to the moon." Blah blah blah blah blah. I think it's going to be pretty similar. It's like, all right, well, there was the news. And most of the time in crypto, it is buy the rumor, sell the news. And if you don't believe me, check all the Bitcoin having events because those are buy the rumor, sell the news.
>> Yeah. And people don't like to hear that, but you know, we we try to tell people the the facts and the truth as we see it, not what they want to hear, right?
>> And the long and short of it is exactly that, that >> I really think it will be more of a nothing burger. And that's where the emotion comes into the space. when when XRP got its uh legal clarity from uh Judge Torres, >> I made a video, no BS, two weeks before, like to the day, it was two weeks beforehand, I did a video telling everybody that if we got legal clarity, we were right smack dab in the middle of a bare market. I said, uh because I I was just seeing all of these videos and stuff, people saying 10 bucks, it's going to 10 bucks right away. Five bucks within the first 24 hours. And I was just like, bro, >> right? So, I made a video and I said, "Guys, if if if we got legal clarity today, what would happen uh is about 80 to 90 cents >> and then we would collapse back down.
There's no money. There's no liquidity in the market." And that's a that's a fundamental principle that so many people that are investing in crypto, they don't understand.
>> Yeah. Now, that that's super important.
Um like something recently I've decided to do on my channel is just stick to crypto. So, like the crux of crypto, we're talking crypto. Um but I think all of this is as an investor, you are absolutely right. Um all of this is actually way more important just than this risk asset. You know, if um gold hit tens of trillions of dollars, you have to ask yourself why. Like eventually this is probably going to go back down into the 20s and maybe even the tens. Um and where is that going to go? You know, and it's all about this risk on riskoff environment that the globe that all these tensions are creating. Um in crypto it's not going to do. Like I believe in the four-year cycle it works, but it will be trumped uh by global tensions if those continue to stay uh you know active this year.
>> Yeah. Yeah. Speaking of uh speaking of the uh global tensions and stuff like that and volatility, um I get asked all the time, I'm sure you probably do too, people ask about the um volatility dying down in crypto >> now.
>> Yeah. They're like, "Is this the last cycle we're going to see, you know, a true opportunity?" And I often guys, listen, we have the market cap of the S&P 500 is like $72 trillion, >> right?
>> Yeah.
>> Crypto's like two and a half. We got a little ways to go before we even out like the stock market does and kind of, you know, lose those those potential gains in my opinion.
>> Yeah. I mean, this asset class is brand new. It's the first, shout out, Bitcoin, the first asset to ever hit1 trillion dollars. I think it took it like 13 years or so. Uh Google, I think was the first like company to do and it took it like 20 years. So, Bitcoin is way ahead of its time. It's way ahead of the race and eventually this gold has to go back into digital gold when we get a risk on environment. So, >> yeah. Yeah, I agree. Um liquidity, it's why it's called liquidity, right? It's like a it's like water. It's like a river. It's it's it's just because it's a bare market in crypto doesn't mean it's a bare market everywhere, right?
The the money is somewhere. You just have to learn where it's going and how to follow it and how to get ahead of it really.
>> Right. Yeah.
>> I'm a big uh I'm a big four-year cycle guy myself. Um, I know that there's a lot of uh controversy about, you know, whether the four-year cycle came to an end or not because the the yearly candle uh closed red the end of and I'm like, >> yeah, you're there's a saying >> and it's you're trying to separate the fly crap from the pepper when you do that, right?
>> I don't believe in that at all. All that means is that the the the yearly candle for 2025 dropped faster than normal, but Bitcoin in terms of price still topped exactly where it was supposed to top, >> right? So, a lot of people they say it's a four-ear cycle. It's technically 3 years and uh 10 months or I mean technically it's every 210,000 Bitcoin that are mined. So, sometimes it can speed up, it can slow down, but that's why we had that red candle, that red yearly candle, is because it didn't go the full full four years. It wasn't supposed to. Um, we just say it because it's super easy. Um, but >> yeah. Uh, on Thursday, so in a couple days, I have a video going out with the seven buy signals and it's all about if you are a four-year cyclist, I'm telling you, you are going to love this video.
Um, and it's all about why I think going into Q3, Q4 this year, I have like seven buy targets and it's different fundamental like signals that are pretty big from Elliot wave theory to one year after the the the peak usually a bare market goes and I'm not going to throw too much in there, but definitely keep your eye out for that one.
>> Yeah, definitely don't give it all away.
Guys, make sure you watch that video.
You said it comes out Thursday.
>> Yeah. So, yeah.
There you go.
>> I'll probably put this out tomorrow. So So tomorrow, watch his video.
>> I'm gonna uh for everyone watching, I'm gonna put uh Krux's link to his YouTube channel in the uh in the description. So make sure you go over there and you subscribe to the channel, guys. Uh he is turning into a regular very quickly on the channel. We absolutely love it. Uh especially here and on Coin Vault. Um so yeah, look for him. You're coming on Thursday again, I believe, right?
>> Yeah. So, I'll be in right now I'm in El Paso. That's where I live. Uh, I will be in Dallas, Texas. So, I'm bringing my travel setup and I will be on Coin Vault on Thursday.
>> Perfect. All right, guys. So, yes, look for Coinbolt on Thursday. We will be live streaming. Krux will be there. Of course, Maximus and Rue as well. Thank you so much for taking part. Make sure you go and subscribe to Krux of Crypto.
We will see you guys in the next one.
God bless. Peace.
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